Dividend Discount Models Snapshot
| Model | Range | Selected |
|---|---|---|
| Stable Growth DDM | $133.25 - $243.43 | $178.02 |
| Multi-Stage DDM | $100.63 - $110.15 | $105.30 |
| Blended Fair Value | $141.66 | |
| Stock Price | $259.51 | |
Dividend History (Last 10 Years)
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| DPS | 1.028 | 0.989 | 0.950 | 0.909 | 0.858 | 0.803 | 0.759 | 0.686 | 0.608 | 0.552 |
| YoY % | 3.95% | 4.05% | 4.53% | 5.97% | 6.78% | 5.80% | 10.75% | 12.79% | 10.07% | 10.69% |
| Yield | 0.40% | 0.38% | 0.37% | 0.35% | 0.33% | 0.31% | 0.29% | 0.26% | 0.23% | 0.21% |
| CAGR | Value |
|---|---|
| 5 Year | 5.05% |
| 10 Year | 7.49% |
Discounted Dividend Model - Stable Growth
| Metric | Range | Selected |
|---|---|---|
| LT Growth | 3.56% to 5.56% | 4.56% |
| WACC | 9.00% | 9.00% |
| Fair Value | $133.25 - $243.43 | $178.02 |
Calculation Details (Millions)
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| Required Retention Ratio | 20.0% | 12.5% | 7.5% |
| (*) Adjusted Net Income | 112,010.00 | 112,010.00 | 112,010.00 |
| (=) Cash Required | 22,402.00 | 14,001.25 | 8,400.75 |
| (=) Excess Retained per Share | 5.97 | 6.53 | 6.91 |
| LTM Dividend per Share | 1.028 | 1.028 | 1.028 |
| (=) Adjusted Dividend | 7.000 | 7.560 | 7.933 |
Multi-Stage Projections (BASE Case - Millions)
| Metric | TTM | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 |
|---|---|---|---|---|---|---|
| Net Income | 112,010.00 | 117,117.64 | 122,458.18 | 128,042.25 | 133,880.96 | 139,985.90 |
| Projected Dividends | 15,421.00 | 29,279.41 | 50,207.85 | 72,984.08 | 97,733.10 | 125,987.31 |
Multi-Stage Valuation (Millions)
| Present Values | LOW | BASE | HIGH |
|---|---|---|---|
| Year 1 PV | 27,776.37 | 28,044.59 | 28,312.80 |
| Year 2 PV | 43,279.76 | 44,119.63 | 44,967.58 |
| Year 3 PV | 57,166.46 | 58,838.54 | 60,542.92 |
| Year 4 PV | 69,559.23 | 72,285.12 | 75,090.35 |
| Year 5 PV | 81,477.91 | 85,488.48 | 89,655.43 |
| TV PV | 1,230,657.40 | 1,291,233.65 | 1,354,172.13 |
| Equity Value | 1,509,917.14 | 1,580,010.01 | 1,652,741.22 |
| Fair Value | $100.63 | $105.30 | $110.15 |
Top Dividend Stocks
| Ticker | Company Name | Yield % | DPS | Payout % |
|---|---|---|---|---|
| PME.AX | PME.AX | 0.37% | $0.82 | 43.26% |
| SAGO.ME | SAGO.ME | 0.37% | $0.01 | 1.77% |
| 002824.SZ | 002824.SZ | 0.36% | $0.07 | 15.95% |
| 002849.SZ | 002849.SZ | 0.36% | $0.06 | 32.16% |
| 002881.SZ | 002881.SZ | 0.36% | $0.16 | 26.78% |
| 002917.SZ | 002917.SZ | 0.36% | $0.05 | 11.10% |
| 002945.SZ | 002945.SZ | 0.36% | $0.06 | 30.24% |
| 0A0D.L | 0A0D.L | 0.36% | $0.26 | 11.61% |
| 300539.SZ | 300539.SZ | 0.36% | $0.15 | 78.72% |
| 300852.SZ | 300852.SZ | 0.36% | $0.14 | 13.40% |
| 300857.SZ | 300857.SZ | 0.36% | $0.61 | 18.06% |
| 300885.SZ | 300885.SZ | 0.36% | $0.12 | 44.05% |
| 5999.T | 5999.T | 0.36% | $10.80 | 3.02% |
| 600105.SS | 600105.SS | 0.36% | $0.09 | 40.05% |
| 601001.SS | 601001.SS | 0.36% | $0.05 | 4.06% |
| 601311.SS | 601311.SS | 0.36% | $0.03 | 5.14% |
| 603655.SS | 603655.SS | 0.36% | $0.15 | 38.23% |
| 603810.SS | 603810.SS | 0.36% | $0.06 | 33.11% |
| 6515.TW | 6515.TW | 0.36% | $10.53 | 23.93% |
| 6600.HK | 6600.HK | 0.36% | $0.33 | 19.17% |
| 6789.TW | 6789.TW | 0.36% | $1.00 | 18.90% |
| 6929.HK | 6929.HK | 0.36% | $0.01 | 13.37% |
| 7003.T | 7003.T | 0.36% | $19.84 | 8.23% |
| 9405.T | 9405.T | 0.36% | $2.99 | 2.17% |
| EXS.ST | EXS.ST | 0.36% | $0.55 | 9.97% |
| ILYDA.AT | ILYDA.AT | 0.36% | $0.02 | 4.60% |
| TVK.TO | TVK.TO | 0.36% | $0.60 | 15.83% |
| 000058.SZ | 000058.SZ | 0.35% | $0.03 | 44.48% |
| 000973.SZ | 000973.SZ | 0.35% | $0.05 | 41.71% |
| 001208.SZ | 001208.SZ | 0.35% | $0.08 | 39.68% |
| 002654.SZ | 002654.SZ | 0.35% | $0.05 | 72.58% |
| 002931.SZ | 002931.SZ | 0.35% | $0.11 | 96.83% |
| 068270.KS | 068270.KS | 0.35% | $699.79 | 20.84% |
| 122870.KQ | 122870.KQ | 0.35% | $249.74 | 9.19% |
| 281740.KQ | 281740.KQ | 0.35% | $50.00 | 21.63% |
| 300357.SZ | 300357.SZ | 0.35% | $0.10 | 13.43% |
| 300394.SZ | 300394.SZ | 0.35% | $0.71 | 30.26% |
| 300792.SZ | 300792.SZ | 0.35% | $0.10 | 29.68% |
| 3219.TWO | 3219.TWO | 0.35% | $0.27 | 19.54% |
| 600576.SS | 600576.SS | 0.35% | $0.02 | 11.90% |
| 600587.SS | 600587.SS | 0.35% | $0.05 | 5.92% |
| 601177.SS | 601177.SS | 0.35% | $0.06 | 9.51% |
| 603800.SS | 603800.SS | 0.35% | $0.17 | 36.32% |
| 603833.SS | 603833.SS | 0.35% | $0.18 | 4.79% |
| ESLT | ESLT | 0.35% | $2.08 | 21.39% |
| GXI.DE | GXI.DE | 0.35% | $0.10 | 14.49% |
| VASTB.BR | VASTB.BR | 0.35% | $0.11 | 6.22% |
| VH2.DE | VH2.DE | 0.35% | $0.30 | 8.47% |
| WWIB.OL | WWIB.OL | 0.35% | $1.91 | 13.25% |
| 002149.SZ | 002149.SZ | 0.34% | $0.16 | 85.47% |